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by Undo Capital
December 15, 2025
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What Is a Good Leaver?

A good leaver is a shareholder, founder or employee who leaves a company under approved or fair circumstances and retains some or all of their equity rights.

Good Leaver Meaning

The good leaver meaning centres on fairness and protection for individuals who depart without wrongdoing. To define a good leaver in practice, it typically applies in cases such as redundancy, illness, retirement, death or mutually agreed exit. A clear, good leaver definition allows the individual to keep vested shares or options and, in some cases, continue vesting for a limited period. Good leaver provisions are commonly included in shareholders’ agreements and option plans to balance company protection with fair treatment of contributors.

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Disclaimer: Our services are designed to assist startups and businesses with company formation, legal agreements, and funding-related documentation. We do not provide investment advice, financial advice, or tax advice, nor are we regulated by the Financial Conduct Authority (FCA). Participating in startups and early-stage enterprises carries inherent risks, including limited liquidity, absence of dividends, potential loss of investment, and dilution. Any decisions regarding investments should be made independently by the investor as part of a well-diversified portfolio.